Subject. The study determines directions for developing the business activity in the Russian regions. Methods. The study is based on the systems approach and methods of statistical, neural network and cluster analysis. Results. I review the current aspects of the regional business development when business rules are changed due to the COVID-19 pandemic. The article scrutinizes the concept of entrepreneurship in terms of historical development and legal status. Having conducted the content analysis of the business activity in a lagging region of the Russian Federation, I found its highest concentration, with small businesses (and microbusinesses) taking the lead and maintaining the employment. Businesses tend to trade in goods of other producers, thus decreasing the average headcount for smaller businesses, including microbusinesses. Studying the hierarchy of economic activity types small businesses engage in by share of investment in the capital stock (in terms of new and imported fixed assets), I note the unprofitable investment n such foreign trade activities, such as Agriculture, forestry, hunting, fisheries and fish farming, and Construction. The dynamism of small businesses drops earlier, longer and deeper if compared to sole proprietors. In a lagging region, smaller business forms can evolve only if they deal with trade. Conclusions and Relevance. The content analysis of the Russian regional business gave an understanding of its development limits from perspectives of a lagging region, which determines the growth rates of business activity in Russia. The content analysis reveals high growth rates of trade in goods that smaller businesses sell, without being their producers. The findings contribute to the knowledge and competence of specialists working for the Russian Ministry of Economic Development to make consistent managerial decisions concerning the distribution and redistribution of investment resources.
Keywords: budget, investment, innovation, business activity, region, structure
References:
Zahra S.A. International Entrepreneurship in the Post Covid World. Journal of World Business, 2021, vol. 56, iss. 1, article 101143. URL: Link
Kantis H.D., Federico J.S., García S.I. Entrepreneurship Policy and Systemic Conditions: Evidence-Based Implications and Recommendations for Emerging Countries. Socio-Economic Planning Sciences, 2020, vol. 72, article 100872. URL: Link
Udimal T.B., Luo M., Liu E., Mensah N.O. How Has Formal Institutions Influenced Opportunity and Necessity Entrepreneurship? The Case of BRICS Economies. Heliyon, 2020, vol. 6, iss. 9, article e04931. URL: Link
Dionisio E.A., Júnior E.I., Fischer B.B. Country-Level Efficiency and the Index of Dynamic Entrepreneurship: Contributions from an Efficiency Approach. Technological Forecasting and Social Change, 2021, vol. 162, article 120406. URL: Link
Sedova N.V., Nazarenko A.A. [Developing small and medium-sized entrepreneurship as a factor of Russia’s economic security]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2019, vol. 15, iss. 8, pp. 1424‒1439. (In Russ.) URL: Link
Savary des Bruslons J. Dictionnaire universel de commerce, d'histoire naturelle, et des arts et metiers [microforme]: tome I, partie II: contenant les articles du commerce & des compagnies. A Paris, chez la veuve Estienne et fils, 1748, 668 p.
Cantillon R. Essai sur la nature du commerce en général. Traduit de l'anglois. A Londres, Chez Fletcher Gyles, dans Holborn. Duke University Library, 1756, 422 p.
Say J.B. Traité d'économie politique; ou, Simple exposition de la manière dont se forment, se distribuent et se consomment les richesses. Bruxelles, 1827, 306 p.
Marshall А. Official Papers by Alfred Marshall. Formerly Professor of Political Economy in the University of Cambridge. London, Macmillan and Co. Ltd, 1926, 428 p.
Menger K. Grundsätze der volkswirthschaftslehre. Wien, Erster, Allgemeiner Theil. Wilhеlm Вrаuмullеr. K.K. Hof. und Universitatsbuchhandler, 1871, 294 p.
Mises L. Liberalismo Segundo A Tradição Clássica. 2ª Edição. São Paulo, Instituto Ludwig von Mises Brasil, 2010, 209 p.
Hayek F.A. Monetary Theory and the Trade Cycle. New York, Augustus M. Kelley, 1966, 244 p.
Schumpeter J.A. Entrepreneurship, Style, and Vision. Boston, Kluwer Academic Publishers, 2003, 356 p.
Aganbegyan A.G. [What the regions can do to overcome stagnation and rekindle prominent social and economic growth]. Region: Ekonomika i Sotsiologiya = Region: Economics and Sociology, 2019, no. 4, pp. 3‒23. (In Russ.) URL: Link
Glaz'ev S.Yu. [On the creation of systems for strategic planning and management of scientific and technological development]. Innovatsii = Innovations, 2020, no. 2, pp. 14‒23. (In Russ.) URL: Link
Ryazantseva N.V., Borel' A.E., Pashchenko F.S. Keisy podderzhki sotsial'no-ekonomicheskoi stabil'nosti v regionakh v usloviyakh pandemii COVID-19: potentsial tirazhirovaniya uspeshnykh praktik v usloviyakh novykh vyzovov. V kn.: Analiticheskii byulleten' NIU VShE ob ekonomicheskikh i sotsial'nykh posledstviyakh koronavirusa v Rossii i v mire [Cases of supporting the socio-economic stability in regions during the COVID-19 pandemic: The potential for replicating successful practices iamid new challenges. In: Analytical bulletin of the HSE Research Institute on the economic and social consequences of the coronavirus in Russia and the world]. Moscow, HSE Publ., 2020, pp. 59‒63.
Canh N.P., Nguyen B., Kim S. Entrepreneurship and Natural Resource Rents: Evidence from Excessive Entrepreneurial Activity. Sustainable Production and Consumption, 2021, vol. 25, pp. 15‒26. URL: Link
Galvão R.A., Mascarenhas C., Marques C.A.E., Braga V., Ferreira M. Mentoring Entrepreneurship in a Rural Territory – A Qualitative Exploration of an Entrepreneurship Program for Rural Areas. Journal of Rural Studies, 2020, vol. 78, pp. 314‒324. URL: Link
Bun'kovskii D.V. [Measures of local support to the entrepreneurship development]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2019, vol. 15, iss. 7, pp. 1238‒1249. (In Russ.) URL: Link
Pronyaeva L.I., Fedotenkova O.A. [Management of small business development in the region]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2020, vol. 16, iss. 3, pp. 496‒518. (In Russ.) URL: Link
